Digital startup for gastrointestinal care Oshi Health announced Tuesday that it had raised $ 23 million to fund Series A.
Flare Capital Partners, Bessemer Venture Partners and Frist Cressey Ventures jointly led the round, with participation from CVS Health Ventures and Takeda Digital Ventures and individual investors such as Athenahealth co-founder Jonathan Bush and Headspace Health CEO Russell Glass.
The capital inflow will be used to scale Oshi’s virtual GI supply platform.
“Stigmatized gastrointestinal disease affects tens of millions of people, causing unnecessary suffering and billions of dollars in avoidable expenses,” said Sam Holliday, CEO of Oshi Health, in a statement.
“We completely redesigned GI care with our integrated virtual-first model to address two core principles: improving access to care that meets patient needs and reducing overall care costs for patients and shoppers. We are excited to partner with this outstanding group of healthcare investors to aggressively scale the delivery of our life changing, value-based care. ”
Oshi originally launched an app in 2018 to help people with inflammatory bowel disease cope with their condition.
Fitness and training course app FitOn has closed a $ 18 million Series B funding round, according to TechCrunch.
The round was led by Delta-v Capital with the participation of Accel, Telstra Ventures, Crosscut Ventures, Maverick Ventures and Second Avenue Partners.
The funding will allow the company to hire new employees and accelerate new product releases.
“For a company that is still two years in the making, we are happy with the revenue and have plenty of opportunities to build a large-scale business,” Co-Founder and CEO Lindsay Cook told TechCrunch. “This anti-diet culture is not about the ‘perfect body’, but about promoting self-care. We’re building a lifestyle brand that encourages people to do 10-minute workouts here and there. “
Fitness classes are growing in popularity, with big names like Apple Expansion of its Fitness + range and introduction of its own workout options by Amazon.
Toronto-based virtual pediatric platform KixCare announced that it has raised $ 2 million in seed funding.
Esplanade Ventures led the round with the participation of Horizon Capital and angel investors.
The capital will be used to expand the company in Canada and improve the virtual care platform by adding new health services and additional features.
“This summer’s KixCare launch reception demonstrated that Canadian families are ready to embrace digital options for pediatric care,” CEO Daniel Warner said in a statement.
“The co-founders of our company are not only doctors, but also parents and grandparents. Hence, we understand that the current model of child health care often does not meet the needs of families and providers. We couldn’t be more excited to grow and develop and scale KixCare and introduce Canadian families to the future of child health care. “
Other players in digital pediatrics are Brave Care, the recently raised $ 25 million, and teletherapy provider DotCom Therapy, which last month announced a partnership with school-based telemedicine provider Goodside Health.
Health services company Tegria has raised $ 6.728 million in private placements, according to a Form D filing with the Securities and Exchange Commission.
Providence, a large Catholic health system, founded the company last year to pool the acquisitions and investments in health technology and system operation.
Tegria has made several acquisitions this year and partnered with healthcare funding platform Cedar in August.